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Forms of Business Organisation : Sole Proprietorship | DSBM Notes and MCQs

Q1. When businesses organisations owned and controlled by a single person it is…

A) Sole proprietorship
B) Partnership firms
C) Co operative society
D) All of them

Answer: (A) Sole proprietorship

Q2. .. . Encourage self-employment.

A) Sole proprietorship
B) Co operative society
C) Partnership firms
D) All of them

Answer: (A) Sole proprietorship

Q3. The highest secrecy can be maintained in

A) Sole proprietorship
B) Co operative society
C) Partnership firms
D) All of them

Answer: (A) Sole proprietorship

Q4. Limited scope of expansion is the disadvantage of…

A) Sole proprietorship
B) Partnership firms
C) Co operative society
D) All of them

Answer: (A) Sole proprietorship

Q5. The oldest form of business organisation is….

A) Partnership
B) Joint hindu family
C) Sole Proprietorship
D) All of them

Answer: (A) Partnership

Q6. In which of the following forms of business organization, registration is compulsory…

A) Partnership firm
B) Sole proprietorship
C) Joint-stock company
D) All of them

Answer: (B) Sole proprietorship

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